EUR/USD
1.16134
-0.148%
Gold
4449.99
-0.843%
Oil
94.270
2.840%
USD/JPY
159.789
-0.084%
GBP/USD
1.34484
-0.117%
GBP/JPY
214.896
-0.202%
Real-time News
June 3rd Futures News: Overall, the domestic refined oil market is currently experiencing a complex interplay of positive and negative factors. Short-term increases in international crude oil prices support firm price increases from major oil companies, but expectations of retail price reductions and weak end-user demand dominate, significantly offsetting the positive impact of overseas prices. It is expected that the domestic gasoline and diesel market will maintain a stable to slightly higher list price in the short term, with flexible price concessions in actual transactions, and market sentiment is unlikely to see a significant recovery. Future market trends will largely depend on the market recovery after the new round of retail price adjustments, while closely monitoring international crude oil price fluctuations and the strength of the recovery in domestic end-user demand.On June 3, it was reported that, with the approval of the State Council, the Peoples Bank of China and the Central Bank of Egypt recently renewed their bilateral currency swap agreement. The swap size has been increased from the original 18 billion yuan/80.7 billion Egyptian pounds to 30 billion yuan/203 billion Egyptian pounds. The agreement is valid for three years and can be extended with the consent of both parties. The renewal and expansion of the bilateral currency swap agreement will help deepen monetary and financial cooperation between the two countries, expand the use of local currencies between China and Egypt, facilitate bilateral trade and investment, and maintain financial market stability.Saudi Aramcos Vice President of Market Analysis and Sustainability: The reduction of refining capacity by 3 million barrels per day between 2020 and 2023 has impacted the system during the current crisis.Saudi Aramco Vice President of Market Analysis and Sustainability: Underinvestment in the oil refining sector.Eurozone PPI rose 0.6% month-on-month in April, below the expected 0.5% and the previous reading of 3.40%.
